The Economic and Financial Crimes Commission (EFCC) has issued a public alert warning Nigerians about 58 unregistered companies operating illegal Ponzi schemes under the pretense of investment opportunities.
In a statement released in Abuja by EFCC spokesperson Dele Oyewale, the agency revealed that these companies lack registration with the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), making their activities illegal and fraudulent.
The commission has already taken legal action against several of these entities, securing five convictions, while another five have pleaded guilty and are awaiting further judicial processes.
Among the flagged companies are:
- Wales Kingdom Capital
- Bethseida Group of Companies
- AQM Capital Ltd.
- Titan Multibusiness Investment Ltd.
- Farmforte Ltd. & Agro Partnership Tech
- Oxford International Group
- MBA Trading & Capital Investment Ltd.
- Crowdyvest Ltd.
- Adeeva Capital Ltd.
- Skapomah Global Ltd.
The EFCC urged the public to exercise caution and verify investment opportunities before committing their funds, emphasizing that fraudulent schemes continue to exploit unsuspecting investors.
Others are Quintessential Investment Company; deprinz Global Enterprises; Rockstar Establishment Ltd.; SU.Global Investment; Citi Trust Funding PLC; Farm Buddy; Eatrich 369 Farms & Food; and Globertrot Farmsponsors Nig. Ltd.
The commission also listed Farm Sponsors Ltd.; Cititrust Credit Ltd.; Farmfunded Agroservices Ltd.; Adamakin Investment & Works Ltd.; ititrust Holding PLC; Green Eagles Agribusiness Solutions Ltd.; and Chinmark Homes & Shelters Ltd.
Others are include Emerald Farms & Consultant Ltd.; Ovaioza Farm Produce Storage Ltd.; Farm 360 & Agriculture Company; Requid Technologies Ltd.; West Agro Agriculture & Food Processing Ltd.
Others are NISL Ventures Ltd. & Estate of Laolu Martins; XY Connect Investment Ltd.; River Branch Unique Investment Ltd.; Hallmark Capital Ltd.; CJC Markets Ltd.; Crowd One Investment; and Farmkart Foods Ltd.
The commission also listed KD Likemind Stakeholders Ltd.; Holibiz Finance Ltd.; Ifeanyi Okpe Oil & Gas Services; Servapps Nigeria Ltd.; Barrick Gold Mining Company and 360 Agric Partners Ltd.
The anti graft agency assured the public of its continued vigilance in monitoring financial activities across the nation.